Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Ondo Perps−0.025%7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.099%−$10 on $10k
+Price spread, last 7 days+0.294%+$29 · spread now −0.025%, 7d avg −0.020%
=Together, before fees+0.195%+ Points / potential airdropOndo Perps: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BTC-USD.P | 85,401 | 0.0100 | pay 0.0013% / 1h | 55m 53s | $3.8M | $17.4M | 25x |
| Short | gTrade (Gains Network) BTC/USD | 85,379.5 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 55m 53s | $36.5M | — | 200x |
Ondo Perps BTC-USD.P
gTrade (Gains Network) BTC/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.1
- Price spread: −0.025% → −0.020%
- −$0.54
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee gTrade (Gains Network): 3.5 bp × 2 orders
- −$7
- Net
- −$32.64
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 3 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) virtual book (oracle venue), 3 min ago | 0.51 bp | 4.0 bp −$4 | 4.1 bp −$41 | 4.5 bp −$446 | 6.4 bp −$3,183 |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,396 | −0.006% | $8K | $2K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,441 | +0.047% | $2.3M | $10.4M | 40x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 85,412.1 | +0.013% | $425.2M | $685.6M | 150x | as long as short |
| Injective BTC/USDC PERP | −0.0006% | 1h | 85,412 | +0.013% | $307K | $22.9M | 52x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,406.7 | +0.007% | $344K | $2.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0002% | 8h | 85,331.7 | −0.081% | $928.6M | $776.8M | 125x | as long as short |
| gTrade (Gains Network) BTC/USDshort | L +0.0004% / S −0.0004% | 1h | 85,379.5 | −0.025% | $36.5M | — | 200x | |
| Aster BTCUSDT | +0.0023% | 8h | 85,330.9 | −0.082% | $501.7M | $1.09B | 200x | as long as short |
| dYdX BTC-USD | +0.0032% | 1h | 85,413.1 | +0.014% | $16.7M | $21.0M | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0068% | 1h | 85,374.8 | −0.031% | $186.3M | $953.7M | 100x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
Injective BTC/USDC PERP
01 Exchange BTCUSD
KuCoin XBTUSDTM
Aster BTCUSDT
dYdX BTC-USD
Kraken Futures PF_XBTUSDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0076% | 1h | 85,405.1 | +0.005% | $829.6M | $1.67B | 50x | as long as short |
| BingX BTC-USDC | +0.0080% | 8h | 85,300.9 | −0.117% | — | $17.5M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,376.6 | −0.029% | $169.5M | $936.7M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,379.9 | −0.025% | $23.6M | $133.4M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,396 | −0.006% | $8.7M | $58.4M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,373 | −0.033% | $2.4M | $6.7M | 20x | as long as short |
| Phemex BTCUSDT | +0.0097% | 8h | 85,374.1 | −0.031% | $159.6M | $517.1M | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,377 | −0.028% | $263K | $8.7M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,449.4 | +0.057% | $5.7M | $9.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,411.5 | +0.012% | $24.1M | $220.0M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,434.4 | +0.039% | $40.2M | $604.6M | 50x | as long as short |
| Binance BTCUSDT | +0.0100% | 8h | 85,314.4 | −0.101% | $9.39B | $25.19B | 150x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,315.5 | −0.100% | $5.08B | $10.04B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,318.5 | −0.097% | $2.60B | $12.23B | 100x | as long as short |
| Ondo Perps BTC-USD.Plong | +0.0100% | 1h | 85,401 | long leg | $3.8M | $17.4M | 25x | |
| Arcus BTC-USD | +0.0100% | 1h | 85,417.1 | +0.019% | $4.6M | $97.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,382 | −0.022% | $697.9M | $180.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,315.6 | −0.100% | $5.45B | $9.82B | 200x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 85,314.2 | −0.102% | $5.01B | $5.71B | 500x | as long as short |
| Bitget BTCUSDT | +0.0100% | 8h | 85,312 | −0.104% | $2.97B | $5.18B | 150x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,359.4 | −0.049% | $37.5M | $193.0M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,356 | −0.053% | $155.8M | $547.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,309.9 | −0.107% | $282.9M | $958.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,349.1 | −0.061% | $214.2M | $159.0M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,343.3 | −0.068% | $138.1M | $312.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,422.2 | +0.025% | $30.1M | $216.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,475.5 | +0.087% | — | $9.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,270 | −0.153% | $10.9M | $14.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,386.7 | −0.017% | $200K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,377.5 | −0.028% | $2.7M | $9.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,414 | +0.015% | $194K | $796K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,363.3 | −0.044% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,366 | −0.041% | $59.8M | $336.7M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,385.3 | −0.018% | $2.26B | $975.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,283.1 | −0.138% | $45.7M | $241.9M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,422.9 | +0.026% | — | $106.7M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,407 | +0.007% | $111.4M | $5.47B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0146% | 1h | 85,371.2 | −0.035% | $6.6M | $140.6M | 40x | as long as short |
| Derive BTC-PERP | +0.0170% | 1h | 85,488.3 | +0.102% | $28.8M | $49.6M | 15x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0174% / S −0.0149% | 1h | 85,377.8 | −0.027% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0179% | 8h | 85,419 | +0.021% | $11.5M | $739.7M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,425.1 | +0.028% | $8.9M | $42.9M | 25x | as long as short |
| Hyperliquid BTC | +0.0234% | 1h | 85,401 | 0.000% | $3.79B | $5.12B | 40x | as long as short |
| Aftermath Perps BTCUSD | +0.0282% | 1h | 85,361.6 | −0.046% | $81K | $248K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0320% | 1h | 85,450.2 | +0.058% | $687K | $7.7M | 30x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,426.1 | +0.029% | $471K | $18.4M | 6.7x | as long as short |
Deribit BTC-PERPETUAL
BingX BTC-USDC
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Phemex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
Binance BTCUSDT
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
MEXC BTC_USDT
Bitget BTCUSDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Reya BTCRUSDPERP
Derive BTC-PERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
RISEx BTC/USDC
Hyperliquid BTC
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
Perpl BTC